The governor of Malaysia's central bank, Bank Negara Malaysia, Tan Sri Dr. Zeti Akhtar Aziz said that "all parties from the Islamic finance practitioners, educators to researchers, should put in relentless efforts to continuously promote the development of Islamic finance into one which is progressive, dynamic, responsive and sustainable."

I believe this could be accomplished most easily by integrating training in Islamic finance with sustainable, socially-responsible and ethical finance. Not only do both areas of finance have similar restrictions on their actions in order to promote an ethical vision, the practitioners could share knowledge and insights from their respective fields that would benefit both groups.

Have I missed a development in Islamic finance you think is important? Let me know by emailing me at blake@sharingrisk.org.

DISLAIMER:

The opinions expressed on this blog are mine alone, and do not represent the opinions of any institution with which I am affiliated. The opinions expressed should not be taken as a recommendation or offer to buy or sell any securities, nor is it personalized investment advice. This blog has been derived from information considered reliable, but I do not guaranteed its accuracy or completeness. Any links are for informational purposes only and they have not been reviewed for accuracy.